The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.
More Quotes from Greg Valliere:
Are there any real protectionist proposals that have chance of enactment No. The most negative thing I would say is that the prospects for further trade liberalization are not great, but what we've got in place will stay in place.Greg Valliere
I personally think the 1992 analogy has been overdone.
Greg Valliere
I think sometimes after we have this type of party, there is a hangover -- and this comes in '05, ... The new Congress in '05 will make efforts to restrain growth. They may not rescind the tax cuts, but there will be spending restraint. But between now and then, it's just a party.
Greg Valliere
I think Friday's number will be impossible to analyze. But everyone said all the numbers this week would be ignored, and the ISM number caused a big sell-off in the bond market.
Greg Valliere
If they exchange gold wedding bands (the) price of gold will go up. If they travel to Europe on their honeymoon, the dollar will strengthen. If (Treasury Secretary) Robert Rubin and other administration officials are there, the Fed won't tighten again.
Greg Valliere
The feeling is that Bush might call for a study, a commission, a blue ribbon panel on tax change, but that, if you start talking about radical tax reform, it becomes a big, fat target for criticism.
Greg Valliere
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Burt Ward
I have against me the bourgeois, the military and the diplomats, and for me, only the people who take the Metro.
Charles de Gaulle